Entertainment giant the Walt Disney Company saw subscriber losses at its flagship Disney Plus streaming service after it raised prices.

Walt Disney sharply outperformed Wall Street’s quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel “Moana 2,” though the company warned of a modest decline in Disney+ streaming subscribers in the coming quarter.

Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.

Blockbuster hit Moana 2 helped drive The Walt Disney Company (DIS) to beat quarterly profit expectations amid a resurgence in studio successes,

The company raised the price of the Disney+ and Hulu streaming, which contributed to earnings of $293 million.

Walt Disney Co. reported first-quarter earnings as the company faces a number of challenges, despite recent box office success including a hit animated sequel.